Savory Biscuits Market Grow at CAGR 5.2% from 2019 to 2024: Top Key Players Likes ITC Limited, Mondelez International, The Kraft Heinz Company, Parle Products Pvt. Ltd, Britannia

Savory Biscuits Market - Overview

The Global Savory Biscuits Market is projected to grow at a significant rate of 5.2% from 2019 to 2024 to reach a market value of USD 66 billion by the end of 2024. Bakery products is one of the popular food products among the consumers. Changing consumption pattern has expanded the demand for bakery products over the last few years. Among the bakery products, savory biscuits is one of the popular choices among the consumers. The growth of the savory biscuits is anticipated to be driven by various factors. Changing consumer preference towards the ready to eat food products is one of the major factors for the rising growth of savory biscuits during the forecast period. Due to the busy schedule, consumers are inclined to adopt ready to eat food products in order to minimize the time. Savory biscuits are available in wide range which creates a massive opportunity to the consumers to experiment the wide range of products. New product development is one of the important trends which is gaining a massive acceptance among the manufacturers of savory biscuits manufacturers.

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Savory Biscuits Latest Industry Updates

Jan 2018 Britania has launched savory biscuits under the brand name of "Pure Magic Deuce"

Aug 2017 ITC Limited has introduced functional savory biscuits in India

May 2016 ITC Limited has expanded their production capacity of biscuits by opening new plants in West Bengal, Assam, Maharashtra, and Tamil Nadu

Savory Biscuits Market - Competitive Analysis

The key players profiled in Savory Biscuits are ITC Limited (India), Mondelez International (US), The Kraft Heinz Company (US), Parle Products Pvt. Ltd. (India), Britannia (India), pladis global (UK), Nestle SA (Switzerland), Burton's Foods Ltd. (UK), Lotus Bakeries NV (Belgium), Walkers Shortbread Ltd (UK), Kellogg Co (US), Patanjali Ayurved (India), Annie's Homegrown, Inc. (US), PepsiCo (US),Kambly SA (Switzerland)

Savory Biscuits Market - Segments

Global savory biscuits market has been divided into type, claim, packaging, distribution channel and Region

Based on Type: Crackers, wafers, and others

Based on Claim: Low sodium, gluten-free and others

Based on Packaging: Pouches/Packets, boxes, can/jars and others

Based on Distribution Channel: Store Based (Supermarkets/Hypermarkets, Convenience stores and others), Store Based

Based on Region: North America, Europe, Asia Pacific and Rest of the World

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Savory Biscuits Market - Regional Analysis

Global savory biscuits market is segmented by region which comprises of North America, Europe, Asia Pacific and Rest of the World. Among all the regions, Europe is holding major market share in global savory biscuits market and it is expected to retain its dominance throughout the forecast period of 2017-2023. The growth of the savory biscuits in the Europe is anticipated to be driven by the various factors. The major factor driving the growth of the savory biscuits is the rising demand for convenience food in the European countries. Also, the rising introduction of savory biscuits in various flavors is the significant factors for the rising growth of savory biscuits during the forecast period. Among the European countries, Germany is estimated to account for the major market share in the Europe savory biscuits market in the year of 2018 and the trend is expected to continue throughout the forecast period. North America region is also one of the attractive destinations among the savory biscuits manufacturers. However, Asia Pacific region is projected to expand at a high growth rate during the forecast period of 2017-2023. Rising per capita disposable income of the consumers along with the increasing consumer preference towards the convenience food is anticipated to be the major drivers for the rising growth of Asia Pacific savory biscuits during the forecast period of 2017-2023.

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